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Supplier Credit @ 3.50% Onwards

• It help the exporter get paid before due date
• Able to negotiate better rates
• Long & short term credit both available
Enquiry Form
Supply Credit
Bank Name Maximum Loan Interest Rate SBLC Issuing Charge Maximum Tenore (Month)
ICICI Bank Ltd.
200
4.00% - 5.00%
1%
6
Kotak Mahindra Bank
100
3.50% - 4.50%
1%
6
IndusInd Bank
100
4.00% - 5.00%
1%
6
HDFC Bank Ltd
200
4.00% - 5.00%
1%
6
YES Bank Ltd.
200
4.00% 5.00%
1%
6
Bank Name Min Interest Rate
ICICI Bank Ltd.

4.00% - 5.00%

Kotak Mahindra Bank

3.50% - 4.50%

IndusInd Bank

4.00% - 5.00%

HDFC Bank Ltd

4.00% - 5.00%

YES Bank Ltd.

4.00% 5.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Supplier Credit Eligibility Criteria?

Supplier credits helps in getting ability to negotiate commercial terms with suppliers, access to the raw materials, capital goods at lower interest rates & as an exporter you will able to receive the payment immediately.

Supplier Credit Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Individual involved in exporting & importing of goods
  • • Compliance should be with applicable Trade as per Credit guidelines by their constituents.

Note: - - You can avail up to 85% of contract value as a loan amount

What are the factors generally affecting Supplier Credit eligibility Criteria?

There are top factors that generally affects Supplier credit finance eligibility criteria as given below: -

Credit History: -  Lenders are always ready to fund you, but the major reason for not funding all is that will you able to repay it? Therefore, they look at your past credit history to ensure you future commitments of repayment. So, if there any default payment found your eligibility level get lower.

Due to rejection of previous loan application: -  As the factor itself cleared due to rejection of previous loan application, your new loan application gets affected as applying for multiple times, it will lower your credit score which led to reduces the eligibility chances.

What are the ways to increase Supplier Credit eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Repay existing loan: -  Lender check while going through your loan application that you are having any existing loan as it will reduce your debt-to-income ratio. Therefore, try to close it as much as earlier before applying for new loan.

Build a strong credit record: -  A strong credit record helps you in getting loan easier & aid in evaluating credit risk, for that you are required to do payment on timely manner as it will enhance your eligibility.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  11. Photographs 2
  12. PAN Card Copy
  13. AADHAR CARD + PASSPORT
  14. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  15. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  16. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  17. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  18. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  19. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  20. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PHOTOGRAPH BOTH
  15. PAN CARD CLEAR COPY PROPRIETOR.
  16. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  17. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  18. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  19. LAST 1 YEAR GST RETURN COPY
  20. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  21. PROVISIONAL FINANCIAL AY 2019-20
  22. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  23. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  24. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  25. AGREEMENT TO SELL COPY
  26. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PHOTOGRAPH PARTNERS
  17. PAN CARD - COMPANY, ALL PARTNERS
  18. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  19. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  20. PARTNERSHIP DEED COPY
  21. GST CERTIFICATE
  22. GST Return last 1 years
  23. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  24. PROVISIONAL FINANCIAL AY 2019-20
  25. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  26. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  27. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  28. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  29. Agreement To Sell copy
  30. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. ALL DIRECTORS PHOTOGRAPH
  18. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  19. ADDRESS PROOF – COMPANY AND DIRECTORS.
  20. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  21. MEMORANDOM
  22. ORDER IN HAND AND COMPLETE COPY (if applicable)
  23. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  24. 1 YEAR GST RETURNS
  25. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  26. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  27. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  28. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  29. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  30. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  31. AGREEMENT TO SELL COPY
  32. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What are the documents required for supplier credit ?

 Documents required for supplier credit loans are Request letter, offer letter, letter to credit, KYC report of buyer and suppliers.

How to apply supplier credit online?

It's easy to apply online for a supplier credit loan just submits your request letter through the website ill the application form with correct values, attach all the necessary documents.

What is the additional fee I have to pay for supplier credit?

Some other fees you have to pay for supplier's credit loan like conformation cost, processing fee, LC advising fee etc.

Who can apply for supplier credit?

Any exporter or suppliers can apply for supplier credit loan.

What are the benefits of supplier credit?

There are some benefits of supplier credit loan; -

  • The buyers can buy goods or services at cheaper rates by the foreign lenders.
  • supplier’s Credit loan is provided against Letter of Credit only
  • Supplier’s Credit loan can be provided by foreign banks, foreign branches of Indian banks, or other financial institutions.

What is suppliers credit?

This short-term credit facility provided for an exporter or lenders, supply goods or services to a foreign buyer on credit terms and condition.

Related Topics

  • SUPPLIER CREDIT BY BANKS

  • SUPPLIER CREDIT BLOGS

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